Stock market crash 1987
So, that's why the stock market crashed on Oct. 19, 1987. It was a "perfect storm." You had leveraged risk arbitrage investors who were "forced" to sell to meet margin calls. You had mutual fund Black Monday is the name commonly attached to the large stock market crash of October 19, 1987. In the United States, the Dow Jones Industrial Average fell exactly 508 points. This was the largest one-day percentage drop in history. Significant selling created steep price declines throughout the day, particularly during the last hour and a half of trading. The S&P 500 and Wilshire 5000 indices each declined more than 18 percent, and the S&P 500 futures contract declined 29 percent. Total trading